Hi guys, this is just a quick and simple analysis on USDCAD
for a potential sell. USDCAD
has had a lovely sell off recently and I can't see any reason for it to not carry on selling off.
Price is respecting R1 and has rejected it.
Price has formed a bearish engulfing
on the 4HR.
Price has shown high volume
Let me know what you guys think of this!!